Nautilus Inc. reported a narrower loss in first quarter compared to the same period a year ago, pegging the improvement to an increase in income from the company’s products sold through retailers and to companywide cost reductions.
The Vancouver-based exercise equipment maker on Wednesday reported losses from continuing operations of $2.4 million, or 8 cents per share, during the quarter ended March 31, compared to $5.4 million, or 18 cents per share, in the same period a year ago. Continuing operations include products sold through direct sales and retailers.
Nautilus reported overall net sales of $45.6 million in the first quarter, a 16 percent decline compared to $54.1 million in the first quarter of 2009. Company officials said net sales for its products sold through retailers increased 27 percent from the same period a year ago.
Chief Executive Edward Bramson said the company has had strong sales of its elliptical machines and redesigned bikes, which “indicates good acceptance for our retail products and an improving environment for sales of fitness equipment.”
